Connect with us

Heavy-duty

Traton to acquire Navistar

David Sickels is the Associate Editor of Tire Review and Fleet Equipment magazines. He has a history of working in the media, marketing and automotive industries in both print and online.

Navistar-Advanced-Predictive-Maintenance-TMC-LT-Series-Truck

Following discussions between Navistar and Traton, Navistar’s board of directors confirmed that it will move forward with a transaction in which Traton would acquire Navistar for $44.50 per share in cash. Navistar’s board confirmed that an offer of $44.50 per share has the support of Navistar’s two largest shareholders.

Advertisement
Click Here to Read More
Advertisement

JP Morgan and PJT Partners are acting as Navistar’s financial advisors. Sullivan & Cromwell LLP is providing legal counsel. Brunswick is providing communication counsel.

Click here to read the full letter submitted to Traton can be viewed here.

Read our latest Navistar executive interview

Advertisement

POPULAR POSTS

Sponsored Content

Interior Corrosion – Public Enemy Number One to Semi-Truck Cabs

Connect
Fleet Equipment Magazine